I’ve been hearing how good Obama was for the stock and bond market. Not surprised thanks to knowing much of the financial world are members of the “Don’t Worry, Be Happy” crowd. But here’s how major financial assets really did during the first go around?
Like I said right after the election, $2,000 gold is now cheap.
This quote came from the Czech Republic . Someone over there has it figured out. It was translated into English from an article in the Prague newspaper Prager Zeitungon:
“The danger to America is not Barack Obama, but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America . Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools, such as those who made him their president.”
1 – I’d kill for a Nobel Peace Prize.
2 – Borrow money from pessimists — they don’t expect it back.
3 – Half the people you know are below average.
4 – 99% of lawyers give the rest a bad name.
5 – 82.7% of all statistics are made up on the spot.
6 – A conscience is what hurts when all your other parts feel so good.
7 – A clear conscience is usually the sign of a bad memory.
8 – If you want the rainbow, you got to put up with the rain.
9 – All those who believe in psycho kinesis, raise my hand.
10 – The early bird may get the worm, but the second mouse gets the cheese.
11 – I almost had a psychic girlfriend, …… but she left me before we met.
12 – OK, so what’s the speed of dark?
13 – How do you tell when you’re out of invisible ink?
14 – If everything seems to be going well, you have obviously overlooked something.
15 – Depression is merely anger without enthusiasm.
16 – When everything is coming your way, you’re in the wrong lane.
17 – Ambition is a poor excuse for not having enough sense to be lazy.
18 – Hard work pays off in the future; laziness pays off now.
19 – I intend to live forever… so far, so good.
20 – If Barbie is so popular, why do you have to buy her friends?
21 – Eagles may soar, but weasels don’t get sucked into jet engines.
22 – What happens if you get scared half to death twice?
23 – My mechanic told me, “I couldn’t repair your brakes, so I made your horn louder.”
24 – Why do psychics have to ask you for your name.
25 – If at first you don’t succeed, destroy all evidence that you tried.
26 – A conclusion is the place where you got tired of thinking.
27 – Experience is something you don’t get until just after you need it.
28 – The hardness of the butter is proportional to the softness of the bread.
29 – To steal ideas from one person is plagiarism; to steal from many is research.
30 – The problem with the gene pool is that there is no lifeguard.
31 – The sooner you fall behind, the more time you’ll have to catch up.
32 – The colder the x-ray table, the more of your body is required to be on
it.
33 – Everyone has a photographic memory; some just don’t have film.
34 – If at first you don’t succeed, skydiving is not for you.
35 – If your car could travel at the speed of light, would your headlights work?
ABOUT PETER GRANDICH
Founder, Grandich Publications, LLC. and Grandich.com
home of the internationally-followed blog, The Grandich Letter
Founder, Trinity Financial Sports & Entertainment Management Co., LLC
Though he never finished high school, Peter Grandich entered Wall Street in the mid-1980s with no formal education or training and within three years was appointed Vice President of Investment Strategy for a leading New York Stock Exchange member firm. He would go on to hold positions as a Market Strategist, portfolio manager for four hedgefunds and a mutual fund that bared his name.
His abilities has resulted in hundreds of media interviews including GMA, Neil Cavuto’s Your World on Fox News, The Kudlow Report on CNBC, Wall Street Journal, Barron’s, Financial Post, Globe and Mail, US News & World Report, New York Times, Business Week, MarketWatch, Business News Network and dozens more. He’s spoken at investment conferences around the globe, edited numerous investment newsletters, and is one of the more sought after commentators.
Grandich is the founder of Grandich.com and Grandich Publications, LLC, and is editor of The Grandich Letter which was first published in 1984. On his internationally-followed blog, he comments daily about the world’s economies and financial markets and posts his views on social and political topics. He also blogs about a variety of timely subjects of general interest and interweaves his unique brand of humor and every-man “Grandichism” expressions with his experience gained from more than 25 years in and around Wall Street. The result is an insightful and intuitive look at business, finances and the world, set in a vernacular that just about anyone can understand. In his first year, Grandich’s wildly-popular blog had more than one million views. Grandich also provides a variety of services to publicly-held corporations on a compensation basis.
Grandich’s autobiography, Confessions of a Wall Street Whiz Kid, was publiched in fall 2011.
He is the also the founder of Trinity Financial Sports & Entertainment Management Co. [www.TrinityFSEM.com], a firm with a Christian perspective which he started in 2001 with former NY Giant and two-time Super Bowl champion Lee Rouson. The firm offers services to celebrities, athletes and average folks. Peter Grandich is a member of the National Association of Christian Financial Consultants, and a long-standing member of The New York Society of Security Analysts and The Society of Quantitative Analysts.
Grandich is also very active in Christian sports ministries including the Fellowship of Christian Athletes and Athletes in Action.
He resides in New Jersey with his wife Mary and daughter Tara.
“I don’t think markets are going down because of Greece,” our old friend Marc Faber offered as an alternative explanation for the market’s recent malaise to CNBC’s Squawk Box yesterday.
“How much gold,” the Political Calculations blog wonders, “would the U.S. Treasury have to pay out from the nation’s bullion depository at Fort Knox to fully pay off the national debt of $16.222 trillion (as of 1 November 2012)?”
